Home Business Hydrogen, because it is the clean energy source of the future

Hydrogen, because it is the clean energy source of the future

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Numerous elements are shedding light on the potential hydrogen to revolutionize the global energy industry and help solve the climate crisis.

Hydrogen, the reasons that make it palatable

AS A SOURCE OF CLEAN ENERGY it couldn’t be more ideal. Not only is it an omnipresent raw material, comprising about 90% of the universe, but hydrogen gas can also be used as a fuel – to power cars, heat homes and encourage heavy industry – which leaves only water and heat as by-products.

At this time, the production of this gas is made with fossil fuels, using sustainable energy, such as solar and wind, hydrogen gas has the potential to be one of the most environmentally friendly green fuels.
Second The Special 1 – Hydrogen Primer, a report by BofA Global Research, the rapidly decreasing cost of wind and solar energy, improvements in the hydrogen production process, and the urgent need to tackle climate change could make hydrogen an important factor in much of the world. global economy.

In order for hydrogen to live up to the its potential, however, they will be needed massive investments and the collaboration of both private industry and government.
As companies seek to reduce their impact on the environment, they will increasingly have to resort to energy sources, such as hydrogen, which can be produced and used with minimal impact. And governments that have set aggressive carbon reduction targets will need to use innovative technologies to achieve them.

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The good news: The combination of renewable electricity and sustainably produced hydrogen, also known as ‘green’ hydrogen, could help us achieve a net zero carbon global economy by 2050.

Due to its versatility, it is estimated that hydrogen could create up to $ 11 trillion in investment opportunities over the next three decades. “Because green hydrogen could change the course of the transition ”.

Because public policies and private investments are essential

One of the prerequisites for increasing green hydrogen adoption is a greater coordination between government policy and private capital. Private money will not simply finance this without clear visibility from the public policy sector ”.

This may already start happening. In some cases, governments are setting sustainability goals that focus on areas such as decarbonization, the number of FCEVs to be produced or the capacity of theelectrolyser. Indeed, the European Union recently made its European hydrogen strategy the centerpiece of its Green Deal while Australia, Japan, China, the UK and Korea all have their own green hydrogen strategies and / or targets.

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For now, the production of green hydrogen it costs substantially more than the more common “gray” hydrogen, which is produced from natural gas, a financial reality that will not change overnight. Yet established industries are finding ways to move towards clean energy goals. Industrial gas companies, for example, do not yet have the ability to create green hydrogen, but they are creating joint ventures and partnerships that will.

This is where the investors could join forces with companies to make a difference, and not just in supporting hydrogen-based startups. While not without risk, investors are increasingly choosing to support companies with a strong focus on sustainability, including reducing the impact of their operations on the environment.

And as more companies and industries seek to adopt cleaner energy sources, such as green hydrogen and other renewable energies, the opportunities offered should continue to expand. While hydrogen alone cannot solve the challenges of climate change, it could be a key part of a greener and cleaner global energy system.

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